India Cloud Storage Market
India Cloud Storage Market - By Type (Solution, Service); By Deployment Mode (Private, Public, Hybrid); By Organization Size (Large Enterprises, SMEs); By End User (BFSI, IT & Telecom, Retail, Healthcare); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: June 2023
- Report ID: BWC23458
- Available Format: PDF
- Page: 260
Report Overview
Increasing adoption of cloud services, deepening internet penetration, growing digitalization across industries, expanding e-commerce sector, government initiatives promoting data localization, and the need for cost-effective and scalable storage solutions for businesses and individuals are propelling the growth of the India Cloud Storage Market during the forecast period between 2023 and 2029.India Cloud Storage Market – Industry Trends & Forecast Report, 2029
India cloud storage market size is projected to grow at a CAGR of 38.25% during the forecast period between 2023 and 2029. India cloud storage market has been witnessing significant growth and is expected to continue its upward trajectory during the forecast period. The increasing adoption of cloud computing solutions by businesses, government initiatives promoting digitalization, and the rising demand for data storage and backup solutions are driving the market's growth. Also, the proliferation of smartphones, expanding internet penetration, and the emergence of big data analytics are further fueling the demand for cloud storage services in India. The market is also witnessing a shift towards hybrid and multi-cloud storage solutions to meet diverse needs. Overall, the India cloud storage market is poised for expansion as organizations recognize the benefits of scalable, cost-effective, and secure data storage solutions in the cloud.
India Cloud Storage Market - Overview
Cloud storage refers to the online storage and backup of digital data on remote servers accessed through the Internet. It offers individuals and organizations a secure and scalable solution to store and access their files, documents, images, videos, and other data from anywhere and at any time. Instead of relying on local storage devices like hard drives or physical servers, cloud storage leverages a network of distributed servers to ensure data availability and redundancy. Users can upload, download, and share files easily, while cloud storage providers handle the infrastructure and maintenance tasks, including data replication, encryption, and data center management, ensuring data integrity and accessibility.
Growth Drivers
Expanding Digital Landscape
In recent years, the India cloud storage market has witnessed a remarkable surge, driven by a multitude of factors. The primary growth driver is the rapid expansion of the country's digital landscape. With a soaring number of internet users and increasing smartphone penetration, there is a growing demand for efficient data storage solutions. Also, the government's Digital India initiative, which promotes digitalization across sectors, has further fueled the adoption of cloud storage services. Thriving e-commerce, online banking, and digital content consumption have generated an exponential amount of data, compelling businesses to seek scalable and secure cloud storage solutions. These factors combined make India's cloud storage market a thriving and lucrative industry poised for continuous growth.
Restraints
Data Security Concerns
As the India cloud storage market continues to grow rapidly, it faces a significant challenge in ensuring data security. With the increasing adoption of cloud services by businesses and individuals, the risk of data breaches and cyberattacks becomes more pronounced. India, being home to a vast number of businesses and a large population with digital footprints, is an attractive target for hackers. The lack of robust cybersecurity infrastructure and limited awareness about data protection measures pose a restraint on the growth of the cloud storage market. Addressing these concerns and strengthening data security practices will be crucial for sustained growth in the Indian cloud storage sector.
COVID-19 Impact on the India Cloud Storage Market
The COVID-19 pandemic significantly impacted India cloud storage market, driving a surge in demand for remote storage solutions. With the sudden shift to remote work and increased reliance on digital infrastructure, businesses across various sectors sought scalable and secure cloud storage options. The need for efficient data management and accessibility further fueled the adoption of cloud storage services in India. Companies offering cloud storage solutions experienced a substantial increase in their user base and revenue during the pandemic. This shift towards cloud storage not only facilitated remote work but also highlighted the importance of robust and flexible data storage solutions in times of crisis.
India Cloud Storage Market
Segmental Coverage
India Cloud Storage Market – By Type
On the basis of type, the India cloud storage market is divided into Solution and Service segments. The solution segment focuses on the various storage solutions offered by providers in the market, including public, private, and hybrid cloud storage options. These solutions cater to the storage needs of businesses and individuals, offering scalable and cost-effective storage solutions. On the other hand, the service segment encompasses the range of services provided by cloud storage providers, such as data migration, backup and recovery, security and compliance, and ongoing technical support. Both segments play a crucial role in meeting the diverse storage requirements of the Indian market, driving its growth and innovation in cloud storage technologies.
India Cloud Storage Market – By Deployment Mode
Based on deployment mode, India cloud storage market is divided into Private, Public, and Hybrid segments. Private cloud storage refers to a dedicated storage infrastructure that is exclusively used by a single organization, providing enhanced security and control over data. Public cloud storage, on the other hand, involves utilizing storage services offered by third-party providers on a shared infrastructure, offering scalability and cost-efficiency. The hybrid cloud storage segment combines elements of both private and public cloud storage, allowing organizations to leverage the benefits of both models while maintaining flexibility and customization options. These three segments collectively form the foundation of the evolving India cloud storage market.
India Cloud Storage Market – By Organization Size
By organization size, India cloud storage market is divided into Large Enterprises and SMEs segments. Large Enterprises refer to established companies with a significant workforce and extensive operations. These organizations typically have higher data storage requirements and demand more sophisticated cloud storage solutions to manage their vast amounts of data. On the other hand, SMEs are smaller businesses with limited resources and a comparatively smaller data storage footprint. They often require cost-effective and scalable cloud storage solutions tailored to their specific needs. Understanding the distinctive requirements of both segments is crucial for cloud storage providers to cater to the diverse needs of the Indian market effectively.
India Cloud Storage Market – By End User
On the basis of end users, India cloud storage market is divided into BFSI, IT & Telecom, Retail, and Healthcare segments. The BFSI sector segment is the largest contributor to the India cloud storage market. With the increasing digitalization of financial services and the need for secure data storage, the BFSI industry relies heavily on cloud storage solutions. The IT & Telecom sector also holds significant importance in the Indian market, as it requires efficient storage solutions for managing large volumes of data. Also, the retail and healthcare segments are emerging as key players in the cloud storage market, as they seek scalable and cost-effective storage options to handle their growing data needs.
India Cloud Storage Market – By Region
Geographically, India cloud storage market is divided into North India, South India, East India, and West India regions. These regions represent different geographical areas within the country. Each region has its own unique characteristics and market dynamics. North India, South India, East India, and West India are home to major cities and technology hubs, attracting a significant demand for cloud storage services. The segmentation allows service providers to target specific regions and cater to the diverse needs of businesses and individuals across India. This approach ensures a more targeted and localized approach to meet the growing demand for cloud storage solutions in the country.
Competitive Landscape
Major players in the India cloud storage market include Amazon Internet Services Private Limited (AISPL), Microsoft Corporation India Pvt Ltd, IBM India Private Limited, Google India Pvt Ltd, Hewlett Packard Enterprise India Pvt Ltd, Dropbox Inc., VMware Software India Private Limited, Cisco Systems (India) Private Limited, Oracle India Private Limited, and CtrlS Datacenters Ltd. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Recent Developments
-
In March 2023 - IBM entered into a collaboration agreement with Wasabi to enable businesses to drive data innovation across a hybrid cloud environment.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
North India, South India, East India, West India |
Product/ Service Segmentation |
Type, Deployment Mode, Organization Size, End User, Region |
Key Players |
Amazon Internet Services Private Limited (AISPL), Microsoft Corporation India Pvt. Ltd., IBM India Private Limited, Google India Pvt Ltd, Hewlett Packard Enterprise India Pvt Ltd, Dropbox Inc., VMware Software India Private Limited, Cisco Systems (India) Private Limited, Oracle India Private Limited, CtrlS Datacenters Ltd |
By Type
-
Solution
-
Service
By Deployment Mode
-
Private
-
Public
-
Hybrid
By Organization Size
-
Large Enterprises
-
SMEs
By End User
-
BFSI
-
IT & Telecom
-
Retail
-
Healthcare
-
Others
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Cloud Storage Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing data generation
- Cloud storage offers cost advantages over traditional on-premises storage systems
- Efficient data backup and disaster recovery
- Restraints
- Data security & privacy concerns
- Connectivity and bandwidth limitations
- Opportunities
- The adoption of cloud storage among SMEs in India
- Customized cloud storage solutions tailored to specific industries
- Challenges
- Infrastructure limitations
- Additional data transfer costs
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Cloud Storage Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Solution
- Service
- By Deployment Mode
- Private Cloud
- Public Cloud
- Hybrid Cloud
- By Organization Size
- Large Enterprises
- SMEs
- By End User
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Others
- By Region
- North India
- South India
- East India
- West India
- By Type
- Market Size & Forecast, 2019–2029
- North India Cloud Storage Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Deployment Mode
- By Organization Size
- By End User
- Market Size & Forecast, 2019–2029
- South India Cloud Storage Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Deployment Mode
- By Organization Size
- By End User
- Market Size & Forecast, 2019–2029
- East India Cloud Storage Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Deployment Mode
- By Organization Size
- By End User
- Market Size & Forecast, 2019–2029
- West India Cloud Storage Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Deployment Mode
- By Organization Size
- By End User
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- India Cloud Storage Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid–19 on India Cloud Storage Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud Platform (GCP)
- IBM Cloud
- Oracle Cloud
- VMware Cloud
- NetApp
- Dell EMC
- Hewlett Packard Enterprise (HPE)
- Tata Communications
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non–listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
List of Figures
Figure 1 India Cloud Storage Segmentation
Figure 2 India Cloud Storage Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Figure 5 India Cloud Storage Market Share, By Type, By Value, 2019–2029
Figure 6 India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Figure 7 India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Figure 8 India Cloud Storage Market Share, By End User, By Value, 2019–2029
Figure 9 North India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Figure 10 North India Cloud Storage Market Share, By Type , By Value, 2019–2029
Figure 11 North India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Figure 12 North India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Figure 13 North India Cloud Storage Market Share, By End User, By Value, 2019–2029
Figure 14 South India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Figure 15 South India Cloud Storage Market Share, By Type , By Value, 2019–2029
Figure 16 South India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Figure 17 South India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Figure 18 South India Cloud Storage Market Share, By End User, By Value, 2019–2029
Figure 19 East India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Figure 20 East India Cloud Storage Market Share, By Type , By Value, 2019–2029
Figure 21 East India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Figure 22 East India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Figure 23 East India Cloud Storage Market Share, By End User, By Value, 2019–2029
Figure 24 West India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Figure 25 West India Cloud Storage Market Share, By Type , By Value, 2019–2029
Figure 26 West India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Figure 27 West India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Figure 28 West India Cloud Storage Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Table 2 India Cloud Storage Market Share, By Type, By Value, 2019–2029
Table 3 India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Table 4 India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Table 5 India Cloud Storage Market Share, By End User, By Value, 2019–2029
Table 6 North India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Table 7 North India Cloud Storage Market Share, By Type , By Value, 2019–2029
Table 8 North India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Table 9 North India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Table 10 North India Cloud Storage Market Share, By End User, By Value, 2019–2029
Table 11 South India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Table 12 South India Cloud Storage Market Share, By Type , By Value, 2019–2029
Table 13 South India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Table 14 South India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Table 15 South India Cloud Storage Market Share, By End User, By Value, 2019–2029
Table 16 East India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Table 17 East India Cloud Storage Market Share, By Type , By Value, 2019–2029
Table 18 East India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Table 19 East India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Table 20 East India Cloud Storage Market Share, By End User, By Value, 2019–2029
Table 21 West India Cloud Storage Market Size, By Value (USD Million), 2019–2029
Table 22 West India Cloud Storage Market Share, By Type , By Value, 2019–2029
Table 23 West India Cloud Storage Market Share, By Deployment Mode, By Value, 2019–2029
Table 24 West India Cloud Storage Market Share, By Organization Size, By Value, 2019–2029
Table 25 West India Cloud Storage Market Share, By End User, By Value, 2019–2029
Table 26 Amazon Web Services (AWS) Company Overview
Table 27 Amazon Web Services (AWS) Financial Overview
Table 28 Microsoft Azure Company Overview
Table 29 Microsoft Azure Financial Overview
Table 30 Google Cloud Platform (GCP) Company Overview
Table 31 Google Cloud Platform (GCP) Financial Overview
Table 32 IBM Cloud Company Overview
Table 33 IBM Cloud Financial Overview
Table 34 Oracle Cloud Company Overview
Table 35 Oracle Cloud Financial Overview
Table 36 VMware Cloud Company Overview
Table 37 VMware Cloud Financial Overview
Table 38 NetApp Company Overview
Table 39 NetApp Financial Overview
Table 40 Dell EMC Company Overview
Table 41 Dell EMC Financial Overview
Table 42 Hewlett Packard Enterprise (HPE) Company Overview
Table 43 Hewlett Packard Enterprise (HPE) Financial Overview
Table 44 Tata Communications Company Overview
Table 45 Tata Communications Financial Overview
Table 46 Other Prominent Players Company Overview
Table 47 Other Prominent Players Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.